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Oil recoups some Syria-related losses; focus switches to Iran

Reuters  |  LONDON 

By Amanda CooperLONDON (Reuters) - Oil recovered some ground on Monday, but prices were still down on the day as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend. The United States, France and Britain launched 105 missiles on Saturday, targeting what they said were three chemical weapons facilities in Syria in retaliation for a suspected poison gas attack on April 7.The oil price had risen nearly 10 percent in the run-up to the strikes, as investors bulked up on assets, such as gold or U.S. Treasuries, that can shield ...

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First Published: Mon, April 16 2018. 23:19 IST
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